WASHINGTON D.C. – Affordable housing owner and developer, Concord Communities has acquired a 379-unit affordable housing community in Washington D.C. for $39.5 million.
Located at 3048 Stanton Rd. SE, the community, Stanton Glenn, encompasses 30 four-story walk-up buildings. The property offers one-, two-, three- and four-bedroom residences.
Concord Communities plans to invest more than $18 million in capital improvements at Stanton Glenn, which was built in 1967. The firm plans to commence property renovations later this year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
